Commissioner of Income Tax, vs. M/s. Kokivenkateswara Reddy AND others,

Appeals of the Revenue are dismissed

Bench: V.V.S.RAO,RAMESH RANGANATHAN

7 states that when a contractor uses a particular method of accounting for a contract, “then in respect of all other contracts that meet similar criteria, the same method is used.” Para 11.3 states that the methods of accounting used by the contractor and the criteria adopted in selecting the method represents “an accounting policy.” If the contractor changes from

M/s Modi Builders AND Realtors (P) Ltd., vs. Asst. Commissioner of Income tax,

The appeals are disposed of

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

7 of 17 commercial world and even in civil suits while computing interest under Section 34 of the Code of Civil Procedure, 1908 the principal amount and the interest due are added and treated as the primary amount in the decree drawn. Interest becomes due and payable on this primary amount. In other words, interest stands capitalised. We further note

The Commissioner of Income Tax-III vs. Smt.Anjana Sanghi

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

TDS certificates submitted by the appellant-assessee were defective, calling for rectification is again a question of fact to be determined on the basis of material on record and the circulars governing the subject. 5. From reading of the impugned order, whereby the ITAT has upheld the order of CIT(A) passed in terms of Section 154

Commissioner of Income Tax V vs. C Eswar Reddy AND Co.,

The appeals stand dismissed answering all the

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

TDS default for the relevant assessment year to be Rs.1,36,040/- and the Assessing Officer was directed to pass revised order under Section 201 of the Act. Similarly, reckoning the deduction made under Annexure-9 produced in M.A. No. 452 of 2015, the Commissioner restricted the penalty under Section 271C to Rs.74,669/-. Both the orders of the Commissioner

The Commissioner of Income Tax, vs. N. Annapurna

The appeals are dismissed with no order as to costs

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

154 of the Income Tax Act, 1961, which only permits rectification of error apparent on the fact of the record?” 3. The background facts are that the Respondent-Assessee was incorporated under the Companies Act, 1956. It has a manufacturing unit at Greater Noida (Uttar Pradesh). It is an admitted position that M/s. Denso ITA 371/2005 & connected matters Page

THE COMMISSIONER OF INCOME TAX IV vs. M/S. PRABHATH AGRI BIO TECH P. LTD.,

The appeals stand dismissed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

TDS provisions relate to and prescribe one of the modes of collection of tax. It is with this objective that duties or “obligations” are imposed on the payer. This does not override or disturb the primary “obligation” imposed by the charging section read with the computation provisions. Further, we are specifically concerned with Section

The Commissioner of Income Tax - IV vs. National Mineral Development Corporation Ltd.,

The appeal is dismissed

TDS has been deducted on this amount and therefore, the same was not allowable. [4]. The Commissioner of Income Tax had come to the conclusion that whether the appellant was required to deduct tax or not and non- deduction of tax at source cannot be treated as a mistake apparent from the record and the matter was debatable and accordingly

Commissioner of Income Tax, vs. M/s Polisetty Somasundaram,

7) The assessee had debited expenses on account of charity and donation of Rs.66,203/- and gift expenses of Rs.42,530/-, totaling to Rs.1,08,733/-, which were disallowed being not admissible as per provisions of the IT Act. (8) An addition of Rs.5,00,000/- is made out of total Foreign Travelling Expenses of Rs.9